TOKYO (Reuters) - Asian shares got off to a firm start on Tuesday
as investors warmed up to the idea of more monetary stimulus by
the European Central Bank to boost the sagging euro zone economy.

The euro slipped to a one-year low against the dollar as comments
from ECB chief Mario Draghi late last week that the central bank
was prepared to respond with all its "available" tools resonated
in the market.

"Draghi's speech marked a turning point in ECB rhetoric... He
also confirmed that beyond liquidity injections through the
TLTROs and outright ABS purchases, the ECB was ready to do more
if necessary" Philippe Gudin, an economist at Barclays, said in
report.

Japan's Nikkei average <.n225> was little changed in early
trade.</.n225>

The mood in the market was buttressed by the S&P 500
<.spx>, which briefly topped the 2,000 mark for the first
time in history on Monday, and closed up 0.48 percent at
1,997.92.</.spx>

European stocks led the rally in global equities overnight, with
many country and regional indexes climbing more than 1 percent,
as investors grew convinced that the ECB could adopt quantitative
easing as soon as next week.

On Wall Street, the biggest winner was financial shares, seen as
the main beneficiary of any cheap money from the ECB at a time
the U.S. Federal Reserve is preparing the ground to exit from
zero interest rates.

The euro fell to $1.31785 in early Asia, its lowest level since
early September last year, with a test of the $1.30 mark seen as
inevitable.

Speculation that the ECB may buy debt of euro zone countries
drove down yields on bonds from Germany, France, Italy, Spain,
Portugal, Ireland and elsewhere to all-time lows.

German 10-year yields hit a record low of 0.926 percent, before
puling back to 0.95 percent.

Germany's Ifo business climate index published on Monday showed
business confidence sagged for the fourth straight month, further
fanning expectations of major asset purchases by the ECB.

The U.S. dollar was broadly firm in contrast, with its index
against a basket of currencies hitting a one-year high of 82.636
<.dxy>.</.dxy>

Against the yen, the dollar fetched 104.08 yen , not far off its
seven-month peak of 104.49 yen hit on Monday.